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Economists talk about businesses operating where MR = MC in order to maximize profits. But natural monopolies are usually required to operate where the Demand
Economists talk about businesses operating where MR = MC in order to maximize profits. But natural monopolies are usually required to operate where the Demand and LAC curves intersect. What do you think would happen if some economic producers of goods and services, started to "voluntarily" produce where the Demand curve intersects the LAC? In addition, these economic entities would try to pay a living wage and not harm the environment.
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